Send Tuition In Four Easy Steps:

PROVIDE PAYMENT DETAILSOnce you enter the CIBC International Student Pay platform, simply enter the tuition amount in Canadian dollars, then identify your preferred country. You’ll be shown the amount required in your preferred currency1 to pay your student fees in Canadian dollars based on the competitive FX rate CIBC is providing Toronto District School Board. This quoted exchange rate is locked-in for 72 hours2 – this means no currency fluctuations during that period as you finalize your transaction.

ENTER PAYER DETAILSEnter a few payer details – whether it is you, your parents or an agent acting on your behalf.
Carefully review the Terms & Conditions provided by CIBC, and when ready, click “Accept” and “Submit”.

INITIATE TRANSFERPrint the payment instructions and reference code and deliver to your local bank within 72 hours2.
Your bank simply follows the instructions and sends the funds to Toronto District School Board.

Benefits of the Program:

Enhanced Student Experience

Once you enter the CIBC International Student Pay platform, simply follow the prompts to make a payment in your preferred currency1 — whether it is you, your parents or an agent acting on your behalf.

Access to Live Foreign Exchange Rates

With CIBC International Student Pay you’ll have access to the competitive foreign exchange rates CIBC is providing to Toronto District School Board. CIBC is a leading global financial institution and an established dealer specializing in foreign exchange for over 100 years.

End-to-End Communication

You’ll receive detailed instructions and a reference code to deliver to your local bank within 72 hours2. Your bank simply follows the instructions and sends the funds to your school. You’ll also receive status updates and email reminders until your payment is complete, and you can check the status of your payment online at any time.

You will receive a confirmation email when Toronto District School Board receives your payment.

1 CIBC International Student Pay provides access to all developed market currencies and select growth market currencies. 2 The foreign exchange quote in your preferred currency will remain valid for 72 hours (excluding weekends and Canadian statutory holidays). Should you not proceed with the transaction within this 72 hour period the quote will expire. During this 72 hour period (excluding weekends and Canadian statutory holidays), you will not be able to access CIBC International Student Pay to obtain further quotes.

CIBC Capital Markets is a trademark brand name under which different legal entities provide different services under this umbrella brand. Foreign exchange services are offered by Canadian Imperial Bank of Commerce. Services offered by the Canadian Imperial Bank of Commerce include corporate lending services, foreign exchange, money market instruments, structured notes, interest rate products and OTC derivatives. Other products and services, such as exchange-traded equity and equity options, fixed income securities, are offered through directly or indirectly held subsidiaries of CIBC. CIBC provides payment and foreign exchange solutions to, among others, colleges, universities, education providers and other similar institutions in Canada, including facilitating payment from you to Toronto District School Board. In accepting payments for Toronto District School Board, CIBC acts as a service provider to Toronto District School Board —– not as a service provider to you. In the event you decide to send a payment to an account owned and / or operated by CIBC for transmission to Toronto District School Board, you irrevocably agree that CIBC may accept and act upon the sole instructions of Toronto District School Board with respect to such payment. You are not required to use the Online Platform to pay tuition fees to Toronto District School Board. You are at all times entitled to source Canadian dollars from alternate financial institutions, including your local financial institution. CIBC derives income from the difference (the spread) between the prices at which we buy and sell foreign currency. CIBC’s spreads may differ from time and can change (without prior notice). This spread is reflected in the quote CIBC provides to Toronto District School Board. CIBC may offer Toronto District School Board rebates in connection with the solutions provided, which rebates may not be passed along to you.